Already 4,183 people have seen this company's branding and they are being followed by 10 Storybook user.In average the company has been rated 4.9 points ja kommenteeritud 34 korda.

's activity report 2022

Mobile24 OÜ was established on 14.03.2011.

The main activities of the company are the import of used vehicles from the European Union to Estonia and to a lesser extent also export to neighboring countries (Finland, Latvia). To a lesser extent also vehicle rental and related additional services.

In 2022, the company had two employees.

2022 was a year of stable growth for the company, which was due to a favorable market situation in the used vehicle sector due to COVID-19 supply difficulties in the automotive industry. The increase in reliability due to the conclusion of partnership agreements with financial institutions (official partner of leasing providers) and the accreditation of a vehicle seller recognized by the Transport Administration in previous years had a positive effect on the company's operations. A significant proportion of repeat buyers was noticeable in the customer segment analysis.

The company's sales revenue in 2022 was 10,102,699 euros (2021: 6,219,108 euros).

Mobile24 OÜ values responsible entrepreneurship and environmental conservation. In 2022, the company has put more emphasis on the sale of electric cars, offering them more favorable acquisition conditions at the expense of the service fee and together with financing partners a more favorable leasing interest to promote a more environmentally friendly mode of transport.

In 2023, the company will continue its operations in a similar manner and due to the increased volume, one more employee will be hired. The company's results depend on the general economic environment and the factors influencing it. Mobile24 OÜ is ready for stable growth, but conservative fixed costs allow it to adapt well to a possible economic downturn in the second half of 2023.

Risks associated with changes in exchange rates have affected the company's operations, as the company purchases vehicles from Sweden and as a result, transaction prices can change several times a day (the company's service fee makes up a very marginal part of the transaction price).

In 2023, we will continue to import and sell used vehicles.

Revenue growth/ decline (%) =(sales revenue 2022-sales revenue 2021)/ sales revenue 2021*100 = 62.45% (2021: 95.55%)

Profit growth/ decline (%) = (net profit 2022- net profit 2021)/net profit 2021*100 = 29.46% (2021: 148.57%)

Net profitability % = net profit / sales revenue * 100 = 2.36% (2021: 2.97%)

Short-term liabilities coverage ratio (times) = current assets / short-term liabilities = 7.25 (2021: 3.37)

ROA(%) =net profit / total assets * 100 = 28.54% (2021: 27.33%)

ROE (%)= net profit / total equity *100 = 34.71% (2021: 41.07%)